Budget Speech 2023: Read Godongwana’s FULL SPEECH here

LIVE UPDATES: 2023 National Budget Speech

Godongwana:

I am honoured to table the following documents before this House:

• The 2023 Division of Revenue Bill

• The 2023 Appropriation Bill

• The Estimates of National Expenditure   

• The 2023 Budget Review  

• The Second Adjustments Appropriation Bill (2022/23 financial year)

• The Eskom Debt Relief Bill and

• The Budget Speech.

We are tabling the 2023 Budget in a difficult domestic and global economic

environment. The global recovery is slowing. Domestically, load-shedding has become more persistent and prolonged, impacting on service delivery and threatening the survival of many businesses.

This is compounded by disruptions to freight and logistics networks. Households are under pressure from the rising cost of living, and unemployment remains stubbornly high.

We are navigating this difficult environment with policies that support faster growth and address fiscal risks.

Our pursuit of higher growth remains anchored on three pillars.

Firstly, we are ensuring a stable macroeconomic framework to create a conducive environment for savings, investment and growth.

Secondly, we are implementing growth-enhancing reforms in key sectors, particularly in energy and transport.

And thirdly, we are strengthening the capacity of the state to deliver quality public services, invest in infrastructure and fight crime and corruption.

In this Budget we are allocating additional resources towards these endeavours without compromising the sustainability of public finances.

READ THE REST OF THE SPEECH IN THE ATTACHED DOCUMENT:

Budget Speech 2023 by Storm Simpson on Scribd